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What Should Be America’s Top Tax Rate: 25% or 49%?

A 25% Top Rate:

A 49% Top Rate:

The Fairness in Taxation Act enacts new tax brackets for income starting at $1 million and ends with a $1 billion bracket. The new brackets would be:

  • $1-10 million: 45%
  • $10-20 million: 46%
  • $20-100 million: 47%
  • $100 million to $1 billion: 48%
  • $1 billion and over: 49%

The bill would also tax capital gains and dividend income as ordinary income for those taxpayers with income over $1 million.


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